All Forum Posts by: Account Closed

Hi Jay, I wouldn't agree with unsophisticated but would consider it creative investing of which mostly all investors are. For me, this is not about wholesalers against brokers and who does it best. I'm about learning the processes and leveraging my own knowledge. The pros and cons of learning to invest is all valuable to me. I appreciate your feedback.

Hi Wayne, thanks for your response. I'm not a wholesaler. I'm an individual learning about all prospects of real estate investing. So far, I find that wholesalers, brokers and agents alike all been able to do well some better than others. From my life experience, the one thing that you can always leverage is Knowledge. 

Thanks Todd. This is definitely an option I am looking into but I am curious about the norms of the process.

Thanks Joel, your response is extremely helpful going forward.

I have seen many youtube videos regarding wholesaling commercial property within the 45 day due diligence period usually vacant NNN possibilities. Question to brokers/agents? Do most brokers accept wholesale offers from investors? Do brokers accept letters of intent? Is earnest money always required on purchase contracts? And most importantly, in your experience, does national tenants move that swiftly within the seller's 45 day due diligence period and offer their LOI to lease the property since they must do their due diligence as well? I would love to get as much feedback from the experts as possible to form a realistic strategy going forward.

Thanks Michael. The mall sits in a metro area and is doing well. These two buildings sit virtually in this mall parking lot. Its my belief that other national chains may be interested if aware of the properties even if others did not. Businesses do tend to come and go even when others fail. I think its a matter of finding the right tenant, once I find more info about the properties.

• Thanks Ronald. I do not at this point. I came across these two properties recently and is trying to get information about them in order to see if there is a deal to be made. Just having problems finding the owners to determine if they are for sale and if so, what I should do next?

Hi Fellow Investors. I have knowledge of two freestanding commercial properties that have been vacant for years. Both are within a mall area. There is no for sale or for lease sign on either. When I google the addresses the only thing that comes up are the old occupants that vacated some time ago. Both buildings used to restaurants of national tenants. Having hard time finding the current owners. It was not listed on the county's taxation real property database but did send email today for more information. As a newbie, what would your next step be and what would you consider doing with these properties if for sale. They are located next to each other, resides in a mall area, across the street as well is another shopping plaza. All cross streets has very high traffic volume. Any suggestions?